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In China, Obama sees growing U.S. market

President Barack Obama on Wednesday highlighted ways in which China is changing its policies that are likely to boost sales to the third largest U.S. trading partner.

GE says China deals to bring $2 billion in sales

Five deals that General Electric Co signed with Chinese partners this week will generate more than $2 billion of revenue over the next decade for the U.S. conglomerate, including about $1 billion of exports from the United States, GE said on Wednesday.

Stocks slide on weak bank profits

Traders work on the floor of the New York Stock Exchange

Stocks sold off as disappointing results from Goldman Sachs (NYSE: GS) dragged down the financial services sector, as the indices endured their worst one-day price drop since November.

China, U.S. agree to healthcare partnership

While Chinese President Hu Jintao is being entertained by U.S. President Barack Obama, and the U.S. House of Representatives votes to repeal the Obama administration’s healthcare reform law, both U.S. healthcare and Sino-American relations are the main components today of a less highly publicized event.

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Boehner rejects invitation to Hu Jintao state dinner

House speaker, John A. Boehner declined an invitation to attend tonight’s official state dinner at the White House in honor of Chinese President Hu Jintao.

Obama, Hu remarks at official arrival ceremony (FULL TEXT)

The following is the text released by the White House of remarks by U.S. President Barack Obama and Chinese President Hu Jintao on the morning of January 19, 2011 at the South Lawn of the White House at the official arrival ceremony. Neither president took questions.

Gold gains for third day; platinum at 30-month high

Gold rallied for a third consecutive session on Wednesday, boosted by broad weakness in the dollar and robust Asian consumer demand, while anticipation of more resilient global growth took platinum to 30-month highs.

Gold Price Gains vs. Falling Dollar, Readmitted as Prudent Asset Class

After a lengthy absence, [other] asset managers and central bankers are readmitting gold back into the group of prudent asset classes, writes Thomas Kaplan, chairman of New York's Tigris Financial advisory and asset-management group, in today's Financial Times.

Ericsson faces margin squeeze as sales improve

Is Ericsson's glass half full or half empty? The Sweden-based telecom gear maker is at last enjoying the benefits of an upturn in demand, but much of the growth could come from less profitable areas.

China comes up with Kinect alternative, eBox

Lenovo, the PC company came up with the device as China prohibits foreign game consoles

Cargill to spin off its majority stake in Mosaic

Agribusiness giant Cargill Inc plans to spin off its $24 billion majority stake in Mosaic Co , a move that could eventually lead to a takeover of Mosaic, the world's second-largest fertilizer producer.

China consumer price inflation dropped to 4.6 pct in 2010

China's consumer price index (CPI) dipped to 4.6 percent in the last year, according to a report by Hong Kong-based Phoenix TV, BBC reported.

Apple's bright view outshines Jobs's plight

Apple Inc landed blockbuster results and a strong outlook on dazzling sales of the iPhone and iPad, reassuring investors that visionary CEO Steve Jobs's medical leave will have no impact on growth.

Japan bats for healthy China-US relations

Even as the U.S. and China are preparing for what is termed as the most important heads of state level meeting in a decade, Japan has come out strongly for healthy ties between the world's two largest economies which happen to be political adversaries as well.

Nokia's market share troubles to hit profits

Nokia is expected to report its third profit fall in a row as the mobile phone company struggles to compete against high-end smartphones of Apple and Samsung, while also losing share at the cheaper end of the market.

Google rules search ad market: report

Google Inc. has extended its dominance in the worldwide search advertising market amid challenges from Microsoft’s Bing and rising competitive obstacles in fast-growing regions, says a report from IHS iSuppli.

Swatch Group upbeat on 2011 despite strong franc

Swatch Group , the world's largest watchmaker, gave an upbeat outlook for 2011 as it expects strong demand for its watches to help offset the impact of the soaring Swiss franc.

China 2010 rare earth exports slip, value rockets

China's exports of vital rare earth elements used for numerous high-tech goods slipped almost one-tenth last year but the overall value rocketed as quota cuts lifted international prices, data showed on Wednesday.

POLL - Asia to see soaring prices in 2011

Asia's rapid economic growth will moderate slightly in 2011 even as policymakers combat rising prices with higher interest rates and try to keep local currencies from appreciating too sharply, a Reuters quarterly poll showed.

Top After-Market NASDAQ Movers (NUVA, DTLK, CWTR, HEV, TASR, CREE, DEPO, RBCN, VECO, ARCC)

The top after-market NASDAQ stock market gainers on Tuesday are: NuVasive, Datalink, Coldwater, Ener1 and TASER International. The top after-market NASDAQ stock market losers on Tuesday are Cree, DepoMed, Rubicon Technology, Veeco Instruments and Ares Capital.

U.S. firms in China see regulation as top hurdle: survey

An increasing number of U.S. companies in China say the enforcement of intellectual property rights has deteriorated in the last year and that the regulatory environment is the biggest hurdle to doing business there, a survey showed on Wednesday.

India top court defers view on PM role in scandal

PM Singh to reshuffle cabinet amid graft, inflation

Prime Minister Manmohan Singh will reshuffle his cabinet on Wednesday in a mid-term effort to refresh a coalition government snared by corruption scandals and year-high food inflation as it faces key state elections.

COLUMN: History proves the U.S. can force China to revalue the yuan

History shows the U.S. can force China to revalue the yuan.

U.S., Chinese companies to meet with Hu and Obama

Executives from General Electric, Microsoft, Goldman Sachs, Coca-Cola, Boeing, Intel and Carlyle Group will be among U.S. business leaders at a meeting on Wednesday hosted by U.S. President Barack Obama with Chinese President Hu Jintao, a White House official said.

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